Algebra
Textbooks
Boundless Algebra
Exponents, Logarithms, and Inverse Functions
Algebra Textbooks Boundless Algebra Exponents, Logarithms, and Inverse Functions
Algebra Textbooks Boundless Algebra
Algebra Textbooks
Algebra

Section 6

Applications of Exponential and Logarithmic Functions

Book Version 13
By Boundless
Boundless Algebra
Algebra
by Boundless
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4 concepts
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Population Growth

Population can fluctuate positively or negatively and can be modeled using an exponential function. 

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Limited Growth

A realistic model of exponential growth must dampen when approaching a certain value. This limited growth is modelled with the logistic growth model: $P(t)=\frac{c}{1+a\cdot e^{-bt}}$.

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Interest Compounded Continuously

Compound interest is accrued when interest is earned not only on principal, but on previously accrued interest: it is interest on interest.

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Exponential Decay

Exponential decay is the result of a function that decreases in proportion to its current value. 

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